CfPA Releases New Private Market Reporting Standard (PMRS)

WASHINGTON, D.C, Oct. 12, 2026 -- The Crowdfunding Professional Association (CfPA) today released the CfPA Private Market Reporting Standard (PMRS) v1.0, a voluntary framework that defines how private market platform's structure and export investment, payment and performance data in a consistent, spreadsheet-readable format.

The effort was led by Paul Lovejoy, CfPA’s Investor Committee Chair, with contributions from the Investor and Intermediary committees. They built the standard to address a practical challenge: investors holding investments across multiple platforms must often reconcile different data formats to track their portfolios. That fragmentation limits what investors, advisers, custodians and the industry as a whole can see. The standard gives platforms a common reporting layer: shared field definitions, consistent formatting and explicit treatment of missing or inapplicable data.